H.R. 9175In committeeJobs & the economy
IRS crypto mining and staking tax rules would be set by new bill
Data as of July 11, 2026
HR 9175 taxes mined and staked crypto as ordinary income on receipt, with an option to defer until sale.55-second read · 4 questions answered below
Decoded
What does this do?
HR 9175 establishes that cryptocurrency earned through mining or staking is taxed as ordinary income at the moment it is received, based on its value at that time. The bill also creates an optional deferral, allowing miners and stakers to delay paying that tax until they sell or trade the coins, at which point the profit is still treated as ordinary income rather than a capital gain. The bill adds clear legal definitions for mining, staking, and digital assets, and sets rules for investment trusts that hold and stake crypto.
Who does it affect?
The bill directly affects cryptocurrency miners, stakers, investment funds built around those activities, and tax professionals who advise them. Everyday crypto holders who only buy and sell coins are not targeted by this bill.
Why does it matter?
The bill replaces currently unclear IRS rules with a defined framework, which changes how and when affected taxpayers calculate and report income from blockchain validation activities. The changes apply only going forward from the date the bill becomes law and do not alter how past crypto earnings are treated.
Where does it stand?
- Introduced
- House committee — You are here
- House vote
- Senate
- President's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
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How it's being covered
Real reporting on this bill, labeled by each outlet's political lean.
- Crypto groups back bill allowing miners and stakers to defer taxes until sale
ambcrypto.comJun 22, 2026
- Crypto Lobby Pressures Congress Over Staking Tax Rules
financefeeds.comJun 23, 2026
- Trump’s Bitcoin made in America push runs into a power problem the tax bill cannot fix
cryptoslate.comJun 30, 2026
- Crypto's second U.S. lobbying front — tax policy — sees industry push on mining, staking
coindesk.comJun 22, 2026
- Crypto Urges Congress Pass Staking Tax Bill ‘As Introduced’
cointelegraph.comJun 23, 2026
Lean labels describe the news outlet, not this bill or any party. Ratings by AllSides.
Official title
Tax Clarity for Mining and Staking Act
- Introduced:
- June 8, 2026
- Latest action:
- June 8, 2026
Referred to the House Committee on Ways and Means.
Read the official bill on Congress.govMake the call
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